Vanguard Group Inc. Buys 2,840,895 Shares of MUELLER WATER PRODUCTS (NYSE:MWA)

Vanguard Group Inc. grew its stake in shares of MUELLER WATER PRODUCTS (NYSE:MWA) by 16.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,795,482 shares of the industrial products company’s stock after buying an additional 2,840,895 shares during the period. Vanguard Group Inc. owned approximately 12.64% of MUELLER WATER PRODUCTS worth $503,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new stake in shares of MUELLER WATER PRODUCTS during the fourth quarter worth about $29,000. Byrne Asset Management LLC raised its position in shares of MUELLER WATER PRODUCTS by 73.1% during the first quarter. Byrne Asset Management LLC now owns 1,558 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 658 shares during the period. Olde Wealth Management LLC acquired a new stake in MUELLER WATER PRODUCTS in the 1st quarter valued at approximately $42,000. Nisa Investment Advisors LLC raised its position in MUELLER WATER PRODUCTS by 184.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,702 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,104 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in MUELLER WATER PRODUCTS by 171.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $40,000 after buying an additional 1,113 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised MUELLER WATER PRODUCTS from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th.

Insider Buying and Selling at MUELLER WATER PRODUCTS

In related news, Director Brian C. Healy purchased 1,110 shares of the stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $24.74 per share, with a total value of $27,461.40. Following the transaction, the director directly owned 15,730 shares of the company’s stock, valued at $389,160.20. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

MUELLER WATER PRODUCTS Stock Down 2.9%

Shares of MUELLER WATER PRODUCTS stock opened at $26.59 on Friday. The business’s 50 day simple moving average is $24.68 and its 200 day simple moving average is $25.18. MUELLER WATER PRODUCTS has a 52-week low of $19.23 and a 52-week high of $28.58. The firm has a market cap of $4.15 billion, a PE ratio of 28.28, a P/E/G ratio of 1.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.56 and a current ratio of 3.86.

MUELLER WATER PRODUCTS (NYSE:MWA) last announced its earnings results on Monday, August 4th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The firm had revenue of $380.30 million during the quarter, compared to analyst estimates of $366.82 million. MUELLER WATER PRODUCTS had a net margin of 10.67% and a return on equity of 20.89%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts predict that MUELLER WATER PRODUCTS will post 1.24 earnings per share for the current fiscal year.

MUELLER WATER PRODUCTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.27 annualized dividend and a dividend yield of 1.0%. MUELLER WATER PRODUCTS’s payout ratio is 28.72%.

MUELLER WATER PRODUCTS Company Profile

Mueller Water Products, Inc manufactures and markets products and services for the transmission, distribution, and measurement of water used by municipalities, and the residential and non-residential construction industries in the United States, Israel, and internationally. It operates in two segments, Water Flow Solutions and Water Management Solutions.